Transocean Ltd. (NYSE: RIG) has filed a prospectus with the SEC to issue 26 million new shares in a secondary offering. The proceeds will be used to refinance partially the $2.23 billion acquisition of Aker Drilling. Barclays and Credit Suisse are co-managers of the offering and will have the option to purchase an additional 3.9 million shares.
At last night’s closing price the offering is worth about $1.2 billion, and the number of shares to be offered totals about 9% of Transocean’s shares outstanding.
The full filing is available here.
Contact [email protected] for any questions or corrections.
Top Gaining Stocks
Top Losing Stocks